#USA #New York #Fairmint #Open Captable Protocol #on-chain securities

Fairmint Unveils Open Captable Protocol

Fairmint, Inc., a registered SEC Transfer Agent, has announced the publication of its whitepaper for the Open Captable Protocol (OCP), marking a significant stride in the realm of on-chain equity securities management. This open-source initiative aims to create a standardized framework for recording and managing equity ownership, thus advancing security innovation in a rapidly evolving digital landscape.

The introduction of the OCP comes amidst a growing movement towards the adoption of on-chain securities. This trend is buoyed by recent statements from SEC Chairman Gary Gensler, who emphasized the potential of on-chain securities to reshape the entire securities market. He highlighted the importance of compliance and transparency, making it clear that the industry is moving towards more sophisticated solutions.

The OCP whitepaper outlines a comprehensive approach to bringing equity securities onto the blockchain in a legally compatible manner. It is designed for a wide range of companies, from disruptive startups to well-established private enterprises. According to Joris Delanoue, CEO and Co-founder of Fairmint, the OCP seeks to address long-held inefficiencies in the private equity space, which have been constrained by outdated practices involving fragmented files and manual workflows. He stated, "The Open Captable Protocol builds on the foundation set by the Open Cap Table Coalition to bring standardization and speed, reducing transfer times from weeks to seconds while preserving full regulatory compliance. This transforms static securities into dynamic financial instruments."

What sets the OCP apart from traditional equity management frameworks is its emphasis on compliance and operational simplicity. While many existing systems rely heavily on tokens, the OCP incorporates cap tables as programmable smart contracts, embedded with rules and legal enforceability. This design minimizes risks for issuers, while enabling programmatic compliance. Thibauld Favre, Co-founder and Chief Technical Officer of Fairmint, reiterated, "We’ve built this technology to work within today’s regulatory environment while creating new possibilities for tomorrow."

Fairmint aims to encourage broader industry participation in the adoption of the OCP. By inviting regulated intermediaries—including transfer agents, broker-dealers, custodians, and other infrastructure providers—to embrace the protocol, the company hopes to foster a more cohesive and efficient private securities ecosystem. As Delanoue points out, "The Open Captable Protocol provides a secure, compliant foundation that regulated agents can immediately implement to enhance their service offerings. By adopting a common standard, we can collectively build a more efficient private securities ecosystem while maintaining the regulatory guardrails that investors and issuers expect."

The OCP whitepaper also highlights various real-world applications. Companies such as Fairmint, Transfer Agent XYZ, and Plural Brokerage LLC are already utilizing the OCP as a settlement layer, showcasing its practicality and effectiveness in current market scenarios. This encourages further industry players to explore how the OCP can streamline their operations and facilitate compliance.

For those interested in more detailed insights, the complete OCP whitepaper is available at fairmint.com/whitepaper/open-cap-table-protocol.

About Fairmint, Inc.

Founded in 2019 by Joris Delanoue and Thibauld Favre, Fairmint, Inc. specializes in infrastructure for on-chain equity management. The company focuses on enabling efficient issuance and transfer of private securities while ensuring compliance with regulatory standards. With its headquarters in New York, Fairmint positions itself as a pivotal player in redefining equity workflows for private companies and financial institutions.

For further information, visit www.fairmint.com or contact Joris Delanoue at ***@fairmint.com.